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Dell Technologies (DELL) Stock Drops Despite Market Gains: Important Facts to Note
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Dell Technologies (DELL - Free Report) closed at $372.36 in the latest trading session, marking a -8.82% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.58% for the day. Meanwhile, the Dow experienced a rise of 3.03%, and the technology-dominated Nasdaq saw an increase of 1.44%.
Prior to today's trading, shares of the computer and technology services provider had lost 28.85% lagged the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 1.97%.
Investors will be eagerly watching for the performance of Dell Technologies in its upcoming earnings disclosure. The company's upcoming EPS is projected at $6.63, signifying a 155.98% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $50.63 billion, showing a 87.47% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $26.09 per share and revenue of $195.68 billion. These totals would mark changes of +153.3% and +87.99%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Dell Technologies is holding a Zacks Rank of #1 (Strong Buy) right now.
With respect to valuation, Dell Technologies is currently being traded at a Forward P/E ratio of 15.65. For comparison, its industry has an average Forward P/E of 15.65, which means Dell Technologies is trading at no noticeable deviation to the group.
Also, we should mention that DELL has a PEG ratio of 0.41. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Micro Computers was holding an average PEG ratio of 1.55 at yesterday's closing price.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Dell Technologies (DELL) Stock Drops Despite Market Gains: Important Facts to Note
Dell Technologies (DELL - Free Report) closed at $372.36 in the latest trading session, marking a -8.82% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.58% for the day. Meanwhile, the Dow experienced a rise of 3.03%, and the technology-dominated Nasdaq saw an increase of 1.44%.
Prior to today's trading, shares of the computer and technology services provider had lost 28.85% lagged the Computer and Technology sector's loss of 12.04% and the S&P 500's loss of 1.97%.
Investors will be eagerly watching for the performance of Dell Technologies in its upcoming earnings disclosure. The company's upcoming EPS is projected at $6.63, signifying a 155.98% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $50.63 billion, showing a 87.47% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $26.09 per share and revenue of $195.68 billion. These totals would mark changes of +153.3% and +87.99%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dell Technologies. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Dell Technologies is holding a Zacks Rank of #1 (Strong Buy) right now.
With respect to valuation, Dell Technologies is currently being traded at a Forward P/E ratio of 15.65. For comparison, its industry has an average Forward P/E of 15.65, which means Dell Technologies is trading at no noticeable deviation to the group.
Also, we should mention that DELL has a PEG ratio of 0.41. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Computer - Micro Computers was holding an average PEG ratio of 1.55 at yesterday's closing price.
The Computer - Micro Computers industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.